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Coventry slashes mortgage rates

vickyhartley
Written By:
vickyhartley
Posted:
Updated:
18/04/2013

Coventry Intermediaries launched a range of Offset and Flex for Term options yesterday.

The new range offers Flexx for Term deals with rates starting at 2.65% available at 65% LTV and offset five year fixed rates at 3.35%.

The Flexx for Term product is offered at 2.65% at 65% LTV with a £199 booking fee and a £800 arrangement fee and no early repayment charges.

The mutual is also offering a 3.35% five year fixed rate offset at 65% LTV £199 booking fee with a £300 arrangement fee.

Another option offered is the five-year fixed offset at 3.89% offered at up to an 80% LTV with a £199 booking fee.

Colin Franklin, managing director, Godiva Mortgages, said: “For borrowers who want to use their savings to reduce their mortgage interest, we have some great offset deals. Borrowers will have easy access to their savings whist enjoying low mortgage rates from as little as 2.75%. And for those looking for flexibility with unlimited over payments and no ERCs, our Flex for Term range with rates starting from 2.65% is ideal.”